New study reveals changing productivity patterns impact unemployment rates worldwide.
The article shows that how productivity and unemployment move together during economic ups and downs has changed over time and across countries. Productivity used to rise when the economy was doing well, but now it falls. During recessions, productivity is more likely to go down. The researchers used a theory to explain these changes and found that in the United States, how much companies hold onto workers during tough times plays a big role in productivity changes. This information can help improve models that predict how the job market will behave.